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If Bitcoin surpasses $110,000, the mainstream CEX's cumulative short liquidation volume will reach $1.696 billion.
BlockBeats News, October 23rd, according to Coinglass data, if Bitcoin breaks through $110,000, the total short liquidation intensity of mainstream CEXs will reach $1.696 billion.
Conversely, if Bitcoin drops below $106,000, the total long liquidation intensity of mainstream CEXs will reach $1.3 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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